Information Technology
Software Services
Midcap
With a market cap of ₹25,742 cr, stock is ranked 190
Current price is less than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock offers good dividend returns
Good time to consider, as stock is not in overbought zone
Stock not in ASM/GSM lists and not a lot of promoter...
Oracle Financial Services Software Ltd - 02.09.2022
The stock is trading @ 3147 levels
The PRICES ARE BELOW EMA
There is a BULLISH HARAMI in Daily Chart
There is a SPINNING TOP in Daily Chart
STOCHASTIC is Oversold in Daily Chart
The Fibonacci Retracement 61.8% is 3172
Let the prices go above 3175
Watch out for the price action
NSE:OFSS is nearing triangle breakout
Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on strong close above 3180
Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line
Target : 4200, giving around 32% returns from current price of 3147.70....
About the company
NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ]
Chart analysis
This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes.
As per...
Oracle is looking very good on weekly charts it gives a breakout on falling resistance trendline and gives a breakout on relative strength indicator too with very good numbers of volumes, seems it can give nice up moves from here.
CAUSE OF LONG-:
1- Falling resistance trendline breakout.
2- Relative strength indicator breakout.
3- Very strong volume...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Chart showing superb pattern with perfect candles appearing at correct trendline supports in weekly,daily, hourly candles.
Add it to watch list...
Entry can be taken now and quick target most probably can be 3680
Next target- 3899
SL- daily candle closing below yellow trendline.
NEVER TRADE WITH CONVICTION....TRADE ALWAYS WITH PROBABILITY.
Just for knowledge.....
Study
- Fundamentally the stock looks good for long term (1 year target - 5900)
- Fair Value - 4000
- Debt Free Company with div yield of 6%
Risk Free Possible Trades
- Current price is in entry zone
- Enter at the LTP and look for target 1 - 3733
- On weekly closing if stock is above 3601 enter again and look for Target 2 and more
- Add it to your watch-list...
In the loving memory of my child Muffin I present you this chart analysis... ...please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you and makes you smile then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis...
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
In today's session seen Falling wedge pattern breakout in OFSS . According to this pattern expected first initial target 3795+ and Final target is 4110+ in OFSS .
![OFSS: [ INTRADAY ] OFSS LONG BET](https://s3.tradingview.com/a/aMd71xn8_mid.png "[ INTRADAY ] OFSS LONG BET")
